Leveraged Nvidia ETF sees surge in dip buying as $13B floods into equities
As seen on the 24/7 Wall St. homepage on November 13, 2026.
Leveraged Nvidia buyers are adding faster as the stock falls, and Bloomberg's ETF analyst counts $13 billion into ETFs in a single day with all but one of the top 20 funds in equities. Risk appetite has not cracked yet.
Lot of dip buying in the 2x Nvidia ETF.. the more it goes down the more they put in. Also, it was another all-in equity buying spree across ETFs past two days. $13b came in yest, all but one of top 20 was equity. https://t.co/riTuu7noib
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Bloomberg ETF analyst Eric Balchunas flagged on November 13 that buyers of the 2x Nvidia ETF are accelerating their purchases as the stock slides. The pattern he describes is a classic retail conviction trade: the deeper the drawdown, the more capital flows in.
$13 billion entered ETFs in a single day, and all but one of the top 20 funds receiving that money were equity products. That kind of near-unanimous equity preference across a broad basket of funds signals that risk appetite among ETF investors has not meaningfully deteriorated despite recent market pressure.
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The behavior in the leveraged Nvidia product is notable on its own because leveraged ETFs amplify both gains and losses. Buyers adding into a decline are taking on compounding downside risk, which makes the sustained inflow a measure of just how committed this cohort is to a recovery thesis.
Taken together, the two data points, concentrated dip buying in a high-risk leveraged product and a broad single-day equity inflow, suggest that retail and institutional ETF investors are positioning for a rebound.